Rocket Lab had its most successful year to date in 2025, with its Electron rocket completing 21 successful flights and the company racking up several new industry contracts. One such contract is with the Space Development Agency, valued at up to $816 million, for Rocket Lab to develop 18 missile-warning satellites — the company’s largest contract award to date.
While Electron will continue to fly missions in 2026, Rocket Lab also plans to debut its next-generation vehicle, Neutron, no earlier than mid-2026. This medium-lift rocket will launch from a new launch site on Wallops Island, where an existing Electron launch site is already established. Rocket Lab is also competing for future NASA Mars missions, including the Mars Telecommunications Orbiter (MTO).